Ann: Matt Tripp leads $75m strategic placement into BetMakers, page-228

Hi Granny,

In some of the Betmakers presentations last year held by Todd, it was mentioned that the size of the global market was approximately $180 billion in turnover from more than 70 countries with only 9 countries offering fixed odds betting. Racing turnover in the USA is currently about $16 billion. In one of the zoom meetings last year Todd did mention he sees opportunities in the Americas, meaning South America not just USA.

As Betmakers is looking to charge between 0.5% and 3% of the clients racing turnover, what percentage market share of the global racing turnover do you think would be achievable for Betmakers to take over time?

I am just trying to get a feel for the size of revenue the business could generate over time.